GROTON SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$71,557,927
Program Services
32%
Contributions
30%
Other
28%
Investments
10%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$55,348,732
Salaries & Benefits
43%
Depreciation
16%
Grants
14%
Offices, Occupancy & IT
8%
Fees to Service Providers
7%
Other
7%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$19,257,652
$21,483,356
+12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$22,922,527
$22,891,648
0%
Membership Dues
$0
$0
-
Investments
$6,804,354
$7,141,617
+5%
Other
$5,708,537
$20,041,306
+251%
Total Revenues
$54,693,070
$71,557,927
+31%
Expenses
2023
2024
Change
Grants
$7,543,297
$7,830,197
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,315,965
$23,970,435
-1%
Fees to Service Providers
$4,193,337
$4,021,970
-4%
Advertising & Promotion
$437,749
$505,181
+15%
Offices, Occupancy & IT
$4,209,983
$4,575,388
+9%
Interest
$1,957,420
$1,811,689
-7%
Depreciation
$8,552,609
$8,663,809
+1%
Other
$3,848,348
$3,970,063
+3%
Total Expenses
$55,058,708
$55,348,732
+1%
Net income
2023
2024
Change
Net income
-$365,638
+$16,209,195
-4533%
Functional Expenses
Summary
2023
2024
Change
Program
$38,095,186
$39,354,406
+3%
Admin
$14,547,114
$13,534,083
-7%
Fundraising
$2,416,408
$2,460,243
+2%
Total Expenses
$55,058,708
$55,348,732
+1%
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